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Providing coverage of Alaska and northern Canada's oil and gas industry
November 2018

Vol. 23, No.45 Week of November 11, 2018

National drilling rig down 1 to 1,067

Petroleum News

The number of rigs drilling for oil and natural gas in the U.S. was down by one the week ending Nov. 2 to 1,067.

At this time last year there were 898 active rigs.

Houston oilfield services company Baker Hughes reported that 874 rigs targeted oil (down by one from the previous week) and 193 targeted natural gas (unchanged). Seventy-three of the rigs were drilling directional holes, 929 were drilling horizontal holes and 65 were drilling vertical holes.

Among major oil and gas producing states, Oklahoma was up by three rigs; Louisiana and New Mexico were each up by one rig.

The rig counts in Alaska, California, Colorado, North Dakota and Wyoming were unchanged.

Pennsylvania was down one rig and Texas was down four.

Baker Hughes shows Alaska with five active rigs, unchanged from a year ago.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May 2016 at 404.

- Petroleum News






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